💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

DuPont, Dow win conditional merger approval from Brazil regulator

Published 05/17/2017, 11:46 AM
© Reuters.  DuPont, Dow win conditional merger approval from Brazil regulator
DJI
-
DOW
-
DD
-
  • Brazil's antitrust regulator approves the planned merger of Dow Chemical (DOW -2.2%) and DuPont (DD -2%), conditioned on a divestment plan that includes Dow's Brazilian corn seed business.
  • The regulator calls for divestment of a select portion of Dow AgroSciences' corn seed business in Brazil, including some seed processing plants and seed research centers, a copy of Dow AgroSciences' Brazilian corn germplasm bank and a license for the use of the Dow Seeds brand for a certain period of time.
  • The companies call the conditional approval a "very positive outcome," and continue to expect closing the merger by September 1, with the intended spinoffs to occur within 18 months of closing.
  • Now read: Lean-Long Term Growth Portfolio - March 2017 Update


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.